Tigo Business launched its TIER III Data Center, the first world-class data centre in the country, part of 12 data centres in Panama, Guatemala, Honduras, Paraguay and Colombia. It is a storage and processing space created to help the most critical companies in Bolivia to improve and simplify their business processes through the intelligent management of their information: the essential asset of digitization.
Category: Business
Information regarding the business sector.
YPFB resumes negotiations to export urea for $80 mn
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) retoma las negociaciones para exportar urea y encara la recta final de reactivación de la planta, que demandará 53 millones de dólares. La planta estará funcionando el segundo semestre de este año, periodo en el que también estima exportar urea granulada por 80 millones de dólares. YPFB resumes negotiations to export urea for $80 mn.
A possible economic damage of $1.2 mn to YPFB revealed
An investigation conducted by the Corporate Transparency Department of Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) revealed irregular actions in the state oil company and its subsidiaries non-transparent management of $1.2 million for a Social Plan for the Prevention and Control of Coronavirus Contagions.
YPFB expects to increase its revenues by 35% in 2021
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) informed that the state-owned company would increase oil revenues this year, and its income will grow by 35 per cent compared to last year. The oil income will reach more than 1.9 billion dollars; Bolivia will use the resources to reactivate our economy by allocating the Direct Tax on Hydrocarbons (IDH), royalties, and other taxes YPFB contributes.
Amaszonas reactivates 70% of its routes
After activities stoppage in 2020 due to the Covid-19 pandemic, the airline Amaszonas managed to reactivate 70 per cent of its routes and expects to recover more international destinations during the year. The company plans to recover the destinations of Sao Paulo and Rio de Janeiro in Brazil and Cusco in Peru.
Sararenda X3D well has an investment of $74 million for its drilling
The Sararenda X3D well, located in the Santa Cruz municipality of Camiri, will start drilling. This project has an investment of $74 million and will generate 320 direct jobs in its first phase. The exploratory actions will carry out by the subsidiary YPFB Andina S.A.
YPFB invests $67 MM in the drilling of the Villa Montes X7 well.
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) will invest $67 million in the Villamontes X7 well drilling project, located in the department of Tarija. The objective is to determine the hydrocarbon potential of the Huamampampa formation, with a view to strengthen Villamontes' participation in the gas business, said YPFB president Wilson Zelaya.
Cotas achieved savings of $12.99 mn in the current year
Cooperativa de Telecomunicaciones Santa Cruz (Cotas) saved Bs. 90 million ($12.99 million) this year, despite adverse conditions. Cotas explained that the savings are the result of a financial optimisation plan, which included reducing operating costs and renegotiating payments to international providers of essential services.
State Attorney General’s Office asked to probe Eaglecrest’s operations in Bolivia
The State Attorney General's Office has been asked to investigate the gold and manganese mining operations of the transnational company Eaglecrest Exploration Bolivia S.A. (Eebol). (Eebol). The objective is to carry out an audit not only of the last five years of mining operations, but much more, in order to know exactly how much royalties Beni has not received from the extraction of its non-renewable natural resources, said local legislator Paul Bruckner.
Entel’s earnings down 45% in 2020
Entel reported that the company's profits during 2020 decreased by 45%, from Bs 921 million ($132.14 mn) to Bs 511 million ($73.31 mn).
